Categories: All - ownership - service - corporation - e-commerce

by Amanda Huynh - Fairwind Sr PS (1159) 4 years ago

731

5 TYPES AND FORMS OF BUSINESS OWNERSHIP

Businesses operate under various types and forms of ownership, each with unique characteristics and operational structures. Service businesses focus on providing activities or tasks for commercial purposes, such as beauty salons and travel agents.

5 TYPES AND FORMS OF BUSINESS OWNERSHIP

5 TYPES AND FORMS OF BUSINESS OWNERSHIP

Deep and Amanda

Co-operative

housing cooperatives
electric cooperatives
Agricultural cooperatives
DEFINITION: A private business organization that is owned and controlled by people who use its products, supplies, or services

Franchise

UPS
Subway
McDonald’s
DEFINITION: A franchise is a business owned by an entrepreneur or an entrepreneurial group which they offer products or services labeled by a corporation that provides assistance to the business

Corporation

Macy’s
Google
Microsoft Corporation
DEFINITION: A business that declares a separate and a legal entity guided by a group of officers also known as the board of directors

Sole Proprietorship

Example
Tutor
Fitness Instructor
Housekeepers
DEFINITION: A business that legally has no separate existence from its owner.

Partnership

Examples
Spotify & Uber
kanye and Adidas
Red bull & GoPro
DEFINITION: A business that includes two or more individuals that share management and profits

MANUFACTURING

APPLE INC
TOYOTA
BAKERIES
DEFINITION:Any business that use, raw, components or parts to make a finished good

NON-PROFIT

RED CROSS
HABITAT FOR HUMANITY
SALVATION ARMY
DEFINITION: a tax exempt organization formed by charitable, religious, literary, educational purposes etc Where shareholders do not benefits financially

MERCHANDISING

URBAN OUTFITTERS
SPORTCHEK
WALMART
DEFINITION: A merchandising business will generally buy their products from a wide range of companies domestically and internationally and market their products in stores

SERVICES

TRAVEL AGENTS
TRANSPORTATION (UBER)
BEAUTY SALONS
DEFINITON: service businesses are those that provide an activity or the performance of a task with a commercial purpose.

E-COMMERCE

EXAMPLES
FASHIONOVA
KIJIJI
AMAZON
DEFINITION:buying and selling of goods and services or transmitting of funds and data online